Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.
Sentiment: POSITIVE
I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.
You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.
I continue to think many of the factors holding down inflation are transitory... We want to be careful not to jump to a premature conclusion about what's in store for the U.S. economy.
Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.
Inflation is the one form of taxation that can be imposed without legislation.
The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.
Production is the only answer to inflation.
No opposing quotes found.